Po Chan
Best way to resolve problem caused by title company
We are selling a REO house we bought 5 months ago. As we going through the closing process, the title company found out that there was a loan that was taken out by previous owner that was never paid off. The loan wa...
Henry Murray
How to estimate property taxes in LA county??
Hi BP! So I’ve tried several avenues already and I’m actually shocked I haven’t been able to find this info anywhere yet, so I’m turning to the trusty BP community. (Disclaimer: I’m not asking for tax advice, just fo...
Wilson L.
Tax planning renting out rooms in a owner-occupied house
I looked over all the IRS rules regarding rental income in an owner-occupied house. After looking at everything, this is the plan I've come up with. Any pointers/tips/suggestions would be helpful.3bdrm/2ba house wit...
Julio Gonzalez
5 Tips to Kickoff 2025 Successfully
It’s a new year! Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024? Have you set new goals for 2025? Each year, I like to take time to refl...
Justin Nagy
Live in flip without paying taxes
HiOne year ago I found a Condo being sold at probate auction only problem was you had to purchase the property in all cash. When I showed my dad the deal he decided he would purchase the condo, let me live in it and r...
Orian Rama
What happens to the Liens on a defaulted property listed on a TAX
Hello,I was wondering if someone had some insights on what happens if someone wins a property Tax auction bid on a defaulted property.I saw a property listed for tax Auction and with some more due diligence I happen t...
Sandy Blanton
IRS Lien
Will an IRS Lien survive a Tax Deed Foreclosure Auction sale? I've read they "die" if not renewed after 10 years. Thanks in advance for sharing.
James Palassis
Should I Renovate My Rental Before Making It My Primary?
My wife and I are about 3 years out from retirement. Both kids will be out of the house and we are looking to downsize. We have identified one of our rental properties to be our primary residence when we do this. We h...
Chris Brown
Federal Tax Lien on Foreclosure
Good morning BP,I am looking at a property in foreclosure that has a Federal Tax Lien recorded PRIOR to the recorded date of the first mortgage. In this scenario, the Federal Tax Lien would take priority, correct? SO ...
Michael Meates
Taxes for investing out of state
Hello everyone!!We live in NYC and interested in investing in the Cleveland market but wanted to ask advice on tax implications?? Do we pay an out of state tax on top of standard state taxes due to living in for examp...